Geode Capital Management LLC Raises Position in MultiSensor AI Holdings, Inc. (NASDAQ:MSAI)

Geode Capital Management LLC lifted its stake in shares of MultiSensor AI Holdings, Inc. (NASDAQ:MSAI) by 149.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 129,189 shares of the company’s stock after purchasing an additional 77,497 shares during the period. Geode Capital Management LLC owned 0.42% of MultiSensor AI worth $279,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of MSAI. Verus Capital Partners LLC purchased a new position in MultiSensor AI in the 3rd quarter valued at approximately $38,000. E&G Advisors LP purchased a new position in MultiSensor AI in the 3rd quarter valued at approximately $38,000. Connective Capital Management LLC purchased a new position in MultiSensor AI in the 2nd quarter valued at approximately $137,000. Finally, Sanders Morris Harris LLC grew its stake in MultiSensor AI by 1.9% in the 3rd quarter. Sanders Morris Harris LLC now owns 3,375,593 shares of the company’s stock valued at $7,291,000 after buying an additional 62,892 shares in the last quarter. 82.32% of the stock is owned by institutional investors.

MultiSensor AI Trading Down 8.1 %

MultiSensor AI stock opened at $1.58 on Tuesday. MultiSensor AI Holdings, Inc. has a 1-year low of $1.40 and a 1-year high of $5.00. The firm has a 50 day simple moving average of $1.76 and a 200 day simple moving average of $1.85.

MultiSensor AI (NASDAQ:MSAI) last released its quarterly earnings data on Tuesday, November 12th. The company reported ($0.22) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.20). MultiSensor AI had a negative net margin of 464.06% and a negative return on equity of 668.81%. The business had revenue of $1.60 million during the quarter, compared to analysts’ expectations of $4.50 million. Analysts anticipate that MultiSensor AI Holdings, Inc. will post -0.83 earnings per share for the current fiscal year.

MultiSensor AI Company Profile

MultiSensor AI Holdings, Inc manufactures and distributes multi-sensor systems for thermographic and other use in various industrial applications in the United States and internationally. The company offers sensor devices ranging from small to large handheld designs with built-in displays and controls, fixed-mounted pan-tilt-zoom single- and multi-sensor camera standalone systems, and mobile multi-sensor payload and gimbal systems for unmanned aerial vehicles and unmanned ground vehicles.